Palo Pinto Water Supply Corporation

Organization Overview

Palo Pinto Water Supply Corporation is located in Palo Pinto, TX. The organization was established in 1970. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Palo Pinto Water Supply Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palo Pinto Water Supply Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Palo Pinto Water Supply Corporation generated $353.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 57.9% each year . All expenses for the organization totaled $337.0k during the year ending 12/2021. While expenses have increased by 42.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FURNISH WATER FOR RURAL AREAS IN PALO PINTO COUNTY, PALO PINTO, TEXAS 76484

Describe the Organization's Program Activity:

Part 3 - Line 4a

FURNISH WATER FOR RURAL AREAS IN PALO PINTO COUNTY, PALO PINTO, TEXAS


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Board, Officers & Key Employees

Name (title)Compensation
Judith Anderson
Director
$0
Gary Glover
Vice Preside
$0
Glenna Picard
Secretary-Tr
$0
William Reagan
President
$0
James Walker
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$351,364
Investment income $0
Tax Exempt Bond Proceeds $2,210
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $353,574

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